Cognition

10 hours agoNews Editor

Corridor to Join Cognition as Devin Security Moves Into Its Next Phase

AI coding security startup Corridor is joining Cognition, according to a post published on Cognition’s website by Corridor co-founders Jack Cable and Ashwin Ramaswami on Oct. 28. Cognition later said on X that it is acquiring Corridor. Cognition is the company behind Devin, the AI software engineer. Cable and Ramaswami said Corridor was founded about two years ago with a mission to speed up secure and autonomous software development, and that the company has since become a security layer for AI-native teams. They said they will work with Cognition president and early Corridor advisor Russell Kaplan, chief security officer Alex Stamos, and chief technology officer Steven Hao. The founders also said their careers have focused on finding and fixing vulnerabilities in critical systems, and argued that AI agents can now carry out end-to-end attack chains, creating a need for new defensive tools. Corridor’s product is designed to embed security controls during AI code generation rather than adding security measures after code has already been written. The company previously announced a $5.4 million seed round led by Conviction in August 2025, followed by a $25 million Series A led by Felicis at a $200 million valuation in March 2026.

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Forbes 400

4 days agoNews Editor

Steven Hao, 30, becomes the youngest member of the Forbes 400 as Cognition reaches a $48 billion valuation

Steven Hao, a 30-year-old Chinese programmer and Massachusetts Institute of Technology graduate, has become the youngest person on the latest Forbes 400 list after the rapid rise of Cognition, the AI coding startup he helped launch three years ago. Cognition is now valued at $48 billion, and Hao, described in the report as the founder with the largest stake, is estimated to be worth $5.8 billion. The report traces Hao’s path from winning medals in the International Olympiad in Informatics to working at Scale AI and later co-founding Cognition with Scott Wu and Walden Yan. Their company introduced Devin, an AI software engineer, in 2024. Despite early debate over the product’s real-world capabilities, the company said Devin entered thousands of companies within 18 months and saw hundreds of thousands of code changes formally adopted. The article also lays out Cognition’s funding history, from a $21 million Series A to an E round of more than $2 billion, and places Hao’s rise in a broader AI wealth wave that has pushed more young founders onto billionaire rankings in both private and public market narratives.

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Cognition

23 days agoNews Editor

Cognition adds Memory and daily Dreaming to Devin, open-sources the workflow

Cognition has rolled out two new features for Devin: Memory and Dreaming. Memory lets Devin retain user preferences, corrections, and project-specific experience across sessions, while Dreaming runs as a daily background process that revisits and reorganizes those stored records. Users can inspect what Devin has remembered and review recent changes made by Dreaming. The system stores those records in a personal Memory Drive, which Cognition describes as a persistent Git repository organized mainly through Markdown files. A short MEMORY.md file serves as the entry point and index, and it is loaded into context at the start of each new session. Devin then searches only the relevant memory files for a given task, rather than loading the entire memory base into the prompt. Cognition said multiple Devin sessions can read from and write to the same memory set at the same time, with each session using its own Git checkout before changes are committed and merged back. The company has also open-sourced the setup as Agent Memory Repo. Cognition noted that while other agents such as Claude Code and Cursor can use a similar file-and-Git approach, Devin’s automatically scheduled daily Dreaming still requires extra configuration in the open-source version.

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CoreWeave

29 days agoNews Editor

CoreWeave puts NVIDIA Vera Rubin NVL72 into production, with Cognition as first live customer

CoreWeave said at its Fully Connected event that its cloud platform has officially launched the NVIDIA Vera Rubin NVL72 system, paired with Spectrum-X Ethernet networking. Application AI lab Cognition is the first customer to run production workloads on the system, and CoreWeave said inference performance for Devin, Cognition’s AI software engineer, has improved on the new setup. The company also said it will offer NVIDIA Vera, which it described as the first CPU product built for AI agents. Alongside that, CoreWeave introduced CoreWeave Forge, a connected environment for training, evaluating, and improving models and agents on NVIDIA accelerated computing. According to the NVIDIA Blog, Ian Buck, vice president of hyperscale and high-performance computing at NVIDIA, said NVIDIA accelerated computing delivers value across hardware generations. He pointed to CoreWeave’s move to put Vera Rubin NVL72 into production while customer workloads are still running on V100 GPUs that were deployed years ago, calling that a sign of the platform’s strength and flexibility.

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Cognition

1 months agoNews Editor

Cognition cuts Devin usage costs again as Fusion tops its in-house benchmark

Cognition has rolled out another round of cost reductions for Devin, its AI coding agent that can read code, modify it, run tests, and complete development tasks. According to the update carried by BlockBeats, usage costs for Devin’s Fusion and Normal modes were reduced by 30% to 40%, while Ultra saw a 15% to 20% cut. Devin Review posted the steepest drop, with costs reduced by as much as 70%. The company also outlined changes to Devin’s execution framework. It said the system now combines multiple commands into a single call, runs independent steps in parallel, and makes greater use of context caching to reduce repeated computation and model calls. Fusion, described as Devin’s multi-model collaboration mode, assigns stronger models to planning and checking, while lower-cost models handle execution. Alongside the lower costs, Cognition reported stronger internal benchmark results. On its self-built FrontierCode 1.1 Extended benchmark, Devin Fusion scored 68.8 points with an average cost of $0.60 per task, placing it in the top spot on that benchmark.

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Cognition

1 months agoNews Editor

Cognition rolls out SWE-2, narrowing the gap with Astra at roughly a quarter of the cost

Cognition, the company behind coding agent Devin, has introduced a new programming model called SWE-2. The model is built by continuing reinforcement learning on Moonshot AI’s 2.8 trillion-parameter Kimi K3, and Cognition said the extra training lifted results across several coding benchmarks by about 5 to 6 percentage points. On Cognition’s in-house FrontierCode 1.1 Main benchmark, SWE-2 scored 50.0%, ahead of GPT-5.6 Sol at 47.5% and Grok 4.6 at 48.0%. It trailed Fable 5.1 by 0.9 percentage points, with Fable posting 50.9%, while running at 64% lower cost. GPT-6 Astra scored 53.3%, leaving SWE-2 3.3 percentage points behind, with Cognition putting SWE-2’s cost at about one-quarter of Astra’s. The company also said SWE-2 is more efficient than its predecessor: at medium reasoning intensity, task-completion interaction rounds fell 58% and average cost dropped 81%. Results were weaker on the harder Terminal-Bench 4, where SWE-2 scored 27.3%, well below Astra’s 57.9% and Fable 5.1’s 55.8%. SWE-2 is now live in Devin Desktop and CLI, and is starting to roll out to Devin Web and Fusion.

1600

Andreessen Horowitz

1 months agoNews Editor

Andreessen Horowitz and Accel co-lead Cognition’s more than $2 billion Series E

Forbes reported that Andreessen Horowitz and Accel co-led an over $2 billion Series E round for AI coding agent company Cognition, lifting its valuation to $48 billion. That marks a sharp increase from the $26 billion valuation the company held four months earlier. More than 30 investors joined the round, including Founders Fund, General Catalyst, Avenir, and Nvidia. Cognition’s AI coding agent product, Devin, has seen operating revenue rise from $492 million in May to nearly $900 million. The Information projected that its annualized revenue could reach $4 billion to $5 billion by the end of the year.

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Devin

2 months agoNews Editor

Cognition's Annualized Revenue Hits $900M; Cash Burn Could Reach $800M This Year

AI coding company Cognition, the developer behind the AI programming agent Devin, has reached about $900 million in annualized revenue. That equals roughly $75 million in monthly revenue, more than triple where the company stood at the start of the year, and the pace is still accelerating. Cognition is raising a new funding round that could value it at approximately $45 billion, up from a $26 billion valuation in May, when it disclosed annualized revenue of $492 million. That puts the latest revenue figure about 83% higher in roughly three months. The rapid growth is expensive. The Information reported Cognition could burn about $800 million this year, with $200 million consumed in the second quarter alone. Much of the spending is on compute: the company rents large-scale Nvidia server clusters to run Devin and train its own models, costing hundreds of millions of dollars a year. Cognition's enterprise gross margin is close to 50%, and excluding model-training costs it is near breakeven. Management sees annualized revenue exceeding $1.5 billion by year-end and reaching $4 billion to $5 billion next year.

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